Posted on 04/08/2020 6:08:29 PM PDT by cotton1706
At the casino, the house (almost always) wins. In the stock market, Sen. Richard Burr (R-NC) never seems to lose. That’s certainly the reputation Burr has managed to cultivate these last few weeks as his financial disclosures showed he sold off major stock positions worth up to $1.72 million just ahead of the market crash resulting from the COVID-19 coronavirus pandemic. Another of Burr’s well-timed stock trades is now drawing scrutiny. Burr sold off nearly $47,000 worth of shares in an obscure Dutch fertilizer company in 2018 — when the stock was near its five-year peak. Burr’s profitable sale came just weeks before the stock tanked and lost nearly half its value, ProPublica reported Tuesday.
(Excerpt) Read more at msn.com ...
He knows, he is not running for re-election.
He couln’t care less.
A yr or two ago, he said he was retiring at end of term.
Thayer right. I forgot.
On election night 2016 I was happy when Burr won. It meant Trump would likely carry N.C. It also added an R to the senate. That was the only 2 reasons.
I’m certain that he will be crying ALL the way to the bank!
This article is nonsense. There’s a massive effort underway to attack any Republican for buying or selling stock.
This story involves selling $47K in stock and avoiding a $20K loss. The senator has millions in stock investments.
Stopped supporting him 8’yrars ago. Another criminal imho
But the media was quick to say that insider trading by congress wasn’t insider trading or wrong when it was democrats doing it.
I agree with Will. I quite often buy stuff when it’s low and sell when it’s high. I sold a lot of stuff before the China virus became a thing simply because the market was in a big bubble ready to pop from any catalyst.
It’s good to be the king—Mel Brooks
Or senator. Just roll in the loot!
Pelosi and Schiff attended closed door briefing that upcoming days would show virus will require lockdowns on retail store, so shipped items to homes will go way up.
Both bought millions in Amazon stock and -—surprise-—made many millions the next few days. Wow. This privileged insider trading is so much fun!
Congress...
where people spend millions to get a job that pays (in salary) thousands...
Exactly why the Crossfire Hurricane cabal should have been arrested, perp walked from day one, but will never be. The entire body politic is compromised by these jerks. The politicians in charge are schooled by the Clinton 800 FBI files. Washington is just a brokerage on the extortion fees for free passes issued.
Otherwise, this is just another sleazy pickup for the Dems when the governor that they weaseled into office by the skin of his teeth gets to appoint a fanatic partisan Demoslime.
The democrats don't miss a trick when it comes to the Senate - like the deal they pulled with Ted Stevens.
Took me all of five minutes to discover that this guy Jerry Lambe is just a Democrat operative.
His entire timeline is nothing but attacks on Republicans.
Except this story is attributed to Kerry Lambe? Or is he the same person?
If only it was cattle futures
Name is misspelled in the original post - it’s Jerry Lambe, not Kerry.
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